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    Question

    An item is tagged 20% over its cost price and sold after

    offering a 10% discount. What is the profit or loss percentage?
    A 13% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the item be Rs. '100m'

    Marked price = 1.20 × 100m = Rs. '120m'

    Selling price = 0.90 × 120m = Rs. '108m'

    Therefore, percentage of profit = [(108m - 100m) ÷ 100m] × 100 = 8%

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